Modern Mobility Aids, Inc is a development-stage alternative medicine company that was formerly a distributor of mobility products. The company is currently based in Nevada, USA, but it focuses on the Canadian medical marijuana industry, particularly in the development and production.
The company started out in 2007, when it was founded and incorporated as Glider, Inc. In 2010, it changed its name to Modern Mobility Aids, Inc. The company’s previous business was distributing mobility devices, such as walkers and wheelchairs, to the Russian market.
Today, as it works its way into the cannabis industry, Modern Mobility Aids, Inc is traded in the US OTC markets under the symbol MDRM. It has a market cap of USD 3.77 M.
With its new focus on medical marijuana, the company has established a wholly owned marijuana subsidiary named the MDRM Group Canada Ltd. It will handle the company’s intended marijuana operations in Canada, such as acquisitions, joint ventures, and agreements with herbal producers.
The MDRM Group has made some recent progress, which includes the closing of its agreement with Easton Pharmaceuticals, Inc. Easton is a Canadian pharmaceutical company whose development projects include medical marijuana. The agreement between Easton and MDRM allows Easton to purchase up to 49% of a medical marijuana company which is still unnamed.
Aside from this, Modern Mobility Aids is considering other industry investments, including some in licensed US suppliers. One of the recent investments of the company is its purchase of a 50% interest in Green Calyx, Inc, a Canadian cultivator.
Modern Mobility Aids, Inc is led by CEO Kenneth R. Pinckard and President and CFO Preston J. Shea. Alongside them are Dr. Baseer U. Khan as the Chairman of the Medical Advisory Committee and the Chief Medical Director, and Gilbert S. Sharpe as Executive Advisor.
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